Danica Diesel Ltd. Announces AMOT Dealership

West Vancouver – August 2, 2006  Danica Diesel Ltd. (www.danicadiesel.com), a Canadian corporation that converts marine diesel engines into ECOengines to maximize performance and minimize pollution in order to provide ECOnomic and ECOlogical benefits for vessel operators, has just announced that is has signed a deal to become a dealer for ALLIED MOTION TECHNOLOGIES, INC. (NASDAQ: AMOT) bearing condition monitoring system trademarked as AMOT-XTS. A West Vancouver-based company with a global reach, Danica Diesel plans to support vessel operators of large marine vessels around the world optimize engine performance.

“This is a significant step in the advancement of Danica Diesel’s EngineWatch program,” remarked Danica Diesel’s founder and marine diesel engine specialist Holger Jacobsen. “We are committed to providing our clients with the highest quality products and we chose AMOT because we believe that their proprietary AMOT-XTS bearing condition monitoring system is one of the most reliable products on the market and will be a valuable component to integrate into our EngineWatch system. In addition to EngineWatch’s other features, the addition of the AMOT-XTS bearing condition monitoring system to EngineWatch will enable our clients and diesel engine experts to monitor bearing wear and accurately determine when engine bearings require servicing.”

Danica Diesel is the first company to offer a global 24/7 remote engine performance monitoring and diagnostic program for marine vessels that enables engine data to be remotely analyzed by diesel engine specialists. The company’s EngineWatch program is an innovative monitoring system that provides real-time around-the-clock data on a variety of a vessel's critical engine parameters.

Danica Diesel plans to continue to develop strategic alliances with respected global technology manufacturers such as AMOT to provide the equipment, components and communication systems for its EngineWatch program.

About Danica Diesel Ltd.

Danica Diesel Ltd. (www.danicadiesel.com) provides services and products that facilitate marine diesel engine performance excellence, thereby reducing operating and maintenance costs and benefit the environment. Danica aims to convert marine diesel engines into ECOengines, minimizing vessel pollution by maximizing engine performance, resulting in ECOnomic benefits for vessel operators. The company provides a variety of specialized technical consulting services to optimize engine performance including expert engine monitoring and diagnostics, and precision measuring equipment for ongoing engine performance.

About Allied Motion Technologies, Inc.

Allied Motion Technologies, Inc. (NASDAQ: AMOT) (formerly Hathaway Corporation) operates primarily in the United States and Europe. The Company is engaged in the business of designing, manufacturing and selling motor, servo motion and optical encoder products. Allied Motion designs, manufactures and sells motion products to a spectrum of customers throughout the world primarily for the commercial motor, industrial motion control, and aerospace and defense markets.

Media Enquiries

Holger Jacobsen
Tel: 604-925-8340  Fax: 604-925-8350
Email: holger.jacobsen@danicadiesel.com
Website: www.danicadiesel.com

Forward-Looking Statements

This press release may contain forward-looking statements that involve risks and uncertainties. All forward-looking statements are made as of the date hereof and are based on the information available to the parties as of such date. These forward-looking statements reflect our current expectations and are subject to a number of risks and uncertainties including, but not limited to, changes in technology, legislation, regulations and general market conditions. Allied Motion Technologies, Inc. or its agents and representatives are in no way endorsing or warranting the statements in this press release. Due to the many risks and uncertainties, Danica Diesel Ltd. cannot assure that forward-looking statements that may be contained in this press release will be realized.